Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute an Agreement with Kathy H. Witt, Sheriff of Fayette County, for the collection of the ad valorem Urban Service District taxes for the 2015 property tax year, at a cost not to exceed $350,000, with payment net from collections and the Urban County Government receiving any related payment from the Commonwealth of Ky. [Dept. of Finance, O’Mara]
Summary
Authorization to execute an agreement between the LFUCG and Sheriff of Fayette Co. for the collection of the Ad Valorem Urban Service District Taxes for the 2015 property tax year. The sum is considered a commission paid for the collection of taxes. The LFUCG will in turn receive a twenty-five (25%) payment from the state on the Sheriff’s commission in the amount of $87,500. The cost to the LFUCG for FY 2016 will be $350,000. Funds are fully budgeted. (L0956-15)(O’Mara)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Select Yes, Completed by [Attorney Name, Date]}
Risk Management: {Select /No}
Fully Budgeted [select]: Yes
Account Number: 1115-011001-0001-40960
This Fiscal Year Impact: $350,000
Annual Impact:
Project:
Activity:
Budget Reference:
Current Balance: $350,000.00
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized to execute the Agreement, which is attached hereto and incorporated herein by reference, with Kathy H. Witt, Sheriff of Fayette County, for the collection of the ad valorem Urban Service District taxes for the 2015 property tax year, with payment net from collections and the Lexington-Fayette Urban County Government receiving any related payment from the Commonwealth of Kentucky.
Section 2 - That an amount, not to exceed the sum of $350,000.00, be and hereby is approved for payment to Kathy H. Witt, Sheriff of Fayette County from account # 1115-011001-40960 pursuant to the terms of the agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
______________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL